Advisory, Europe, impact assessment, Macroeconomics and macroeconomic policy, Private sector development, innovation and knowledge-based economy, Romania

Romania: Ex-post Evaluation of Macro-Financial Assistance (MFA) Operations


CASE, together with its consortium partners, was awarded a DG ECFIN framework contract to carry out ex-post evaluations of selected EU Macro Financial Assistance operations. The project "Ex-post Evaluation of Macro-Financial Assistance (MFA) Operations in Romania" entailed an assessment of  the effectiveness of MFA in Romania in terms of macroeconomic stabilisation, its impact on structural reforms, as well as  its contribution to returning the external financial situation to a sustainable path over the medium to longer-term.  The objective of this project was to learn key lessons, which could be applied to future MFA interventions and/or possibly reorient the present approach.

The final evaluation report is available here:


European Commission